compound interest

For a while now, Jason Hartman has had a sneaking suspicion that American financial literacy is not what it used to be. Blame the brain suck of video games, YouTube, and Snapchat if you like. The truth was painfully revealed in a recent three-question quiz put together...

Like most financial concepts, interest can be confusing. Chances are, you didn’t cover it in high school and now you’re left wondering exactly how interest works. It really isn’t all that difficult—read below to gain a better understanding. Interest is simply the cost of borrowing money, and...